The Department of Commerce is mounting a late burst of activity to finalize investments under the CHIPS and Science Act before President-elect Donald Trump – who has criticized the program in recent weeks – takes office in January. […]

The Department of Commerce announced today it has reached a preliminary agreement with Rocket Lab, the parent company of space power provider SolAero Technologies Corp., for up to $23.9 million in direct funding under the CHIPS and Science Act to expand the production of compound semiconductors that power spacecrafts and satellites. […]